U.S. Silica (NYSE:SLCA) has been assigned a $15.00 target price by research analysts at Bank of America in a research report issued to clients and investors on Wednesday. The brokerage currently has a “sell” rating on the mining company’s stock. Bank of America‘s price target indicates a potential downside of 5.96% from the stock’s current price.
A number of other research firms have also weighed in on SLCA. Seaport Global Securities set a $16.00 price objective on shares of U.S. Silica and gave the company a “buy” rating in a research report on Wednesday, October 24th. Stifel Nicolaus set a $17.00 price objective on shares of U.S. Silica and gave the company a “buy” rating in a research report on Wednesday, October 24th. B. Riley set a $17.00 target price on shares of U.S. Silica and gave the stock a “buy” rating in a research report on Friday, November 9th. Credit Suisse Group decreased their target price on shares of U.S. Silica from $21.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, October 24th. Finally, Royal Bank of Canada decreased their target price on shares of U.S. Silica to $18.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 24th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $25.05.
NYSE:SLCA traded up $0.70 during midday trading on Wednesday, reaching $15.95. The stock had a trading volume of 2,441,409 shares, compared to its average volume of 1,757,155. U.S. Silica has a 12-month low of $9.30 and a 12-month high of $34.34. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.75 and a quick ratio of 2.15. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 7.14 and a beta of 2.38.
U.S. Silica (NYSE:SLCA) last posted its quarterly earnings data on Tuesday, February 19th. The mining company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.04. U.S. Silica had a net margin of 8.05% and a return on equity of 12.40%. The firm had revenue of $357.38 million for the quarter, compared to analyst estimates of $372.00 million. During the same period last year, the firm posted $0.52 EPS. U.S. Silica’s quarterly revenue was down 15.5% on a year-over-year basis. As a group, analysts expect that U.S. Silica will post 1.58 earnings per share for the current fiscal year.
In other U.S. Silica news, Director William Jennings Kacal acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 13th. The shares were acquired at an average cost of $11.29 per share, for a total transaction of $56,450.00. Following the transaction, the director now directly owns 78,815 shares of the company’s stock, valued at $889,821.35. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC acquired a new position in U.S. Silica in the 3rd quarter valued at about $504,000. First Trust Advisors LP raised its stake in U.S. Silica by 322.5% in the 3rd quarter. First Trust Advisors LP now owns 67,546 shares of the mining company’s stock valued at $1,272,000 after purchasing an additional 51,558 shares during the last quarter. Russell Investments Group Ltd. raised its stake in U.S. Silica by 1,029.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 64,026 shares of the mining company’s stock valued at $1,205,000 after purchasing an additional 58,359 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in U.S. Silica by 24.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 41,984 shares of the mining company’s stock valued at $791,000 after purchasing an additional 8,175 shares during the last quarter. Finally, OLD National Bancorp IN acquired a new position in U.S. Silica in the 3rd quarter valued at about $213,000.
About U.S. Silica
U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. The company operates through two segments, Oil & Gas Proppants and Industrial & Specialty Products. It offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery; and resin coated proppants, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.
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